Latest news with #PSR
Scottish Sun
2 hours ago
- Business
- Scottish Sun
Premier League side SELL their own women's team to bolster kitty for massive splurge and want Jack Grealish transfer
They are the third Prem club to do so THE GREAL DEAL Premier League side SELL their own women's team to bolster kitty for massive splurge and want Jack Grealish transfer Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) EVERTON have reportedly SOLD their women's team to their sister company - in a move that could help raise funds for transfers. Companies House shows that Everton Football Club Women Ltd has been transferred to a company called Roundhouse Capital Holdings. Sign up for Scottish Sun newsletter Sign up 2 Everton have reportedly sold their women's team to their sister company Credit: Getty According to The Times, records show its controlled by Everton's American businessman owner Dan Friedkin. Roundhouse is the company that The Friedkin Group used to buy Everton during their takeover last December. The move is said to ensure the women's team is a standalone entity that can attract investment from America. But, that profit will help comply with the Premier League's Profitability and Sustainability Rules. READ MORE IN football ROARING HOME Lionesses pose on red carpet outside Downing Street after lifting Euros trophy Everton become the third Premier League club to take advantage of a law that allows clubs to sell assets such like the women's team to related companies and register that as a profit for PSR calculations. The Premier League requires that fees paid for internal assets are reasonable - with Chelsea and Aston Villa also doing so. Everton were previously deducted six points for a PSR breach in the 2021-22 season and two points in 2022-23. But the Toffees did spend over £800MILLION on a new stadium which they move into this season. CASINO SPECIAL - BEST CASINO BONUSES FROM £10 DEPOSITS Everton took out two new loans in February with US firms Aramark Limited and Glas Trust Corporation. The original estimate for the stadium — which took four years to build — was £500m. Neom Hijack Zeze Deal from Premier League Rivals The old Goodison Park has been scaled down and will now be used by the women's team. Everton are looking to add to their squad this summer and are linked with a move for Manchester City's £100m wantaway Jack Grealish. According to Ben Jacobs, the Merseysiders want a loan and are unlikely to consider to a permanent move unless Grealish lowers his £300,000-a-week wages.
Yahoo
3 days ago
- Business
- Yahoo
Alexander Isak eyes Newcastle exit with Liverpool monitoring situation
Alexander Isak wants to explore options at other clubs and a transfer away from Newcastle United, potentially throwing Eddie Howe's summer plans into chaos. The 25-year-old was not included in last week's friendly defeat to Celtic due to "speculation" around his future, and has now not travelled to Singapore for pre-season due to a thigh injury. Newcastle have been made aware that Isak is keen to consider his future elsewhere. The Independent understands that Howe had already privately told prominent figures at the club this summer that he was concerned about the player's situation. That view also precedes reports of Liverpool's public interest last week. Newcastle's position remains the same, however, which is that Isak is not for sale. Their stance has also been bolstered by the fact that he still has three years left on his current contract. There are also no ongoing talks over a new deal. An offer in the region of £150m may test that, though, especially with the knowledge that the player wants to consider his options. The big question, however, is where such an offer comes from. There are only about eight clubs that could afford such a deal, but almost none of them have the PSR headroom or squad need to make it happen. Liverpool have just spent £79m on Hugo Ekitike, a deal that had been linked to Isak's future given Newcastle's own interest in the French forward. That feasibly rules them out of a future move, although there is the potential twist should Darwin Nunez or Luis Diaz leave. Liverpool do have PSR headroom but want to ensure they have a sustainable squad with a manageable wage bill. Bayern Munich have spoken to Liverpool about Diaz, but it has not yet reached the point of an offer. Liverpool's current stance is that they are comfortable with their options at centre-forward and feel they have their number-nine in Ekitike, but a move for Isak this window has not been ruled out. Mikel Arteta has long been an admirer of the Swede, and would have love to do a deal, but it is seen as virtually impossible that Arsenal's Kroenke ownership will extend the budget. The club are also on the brink of signing Sporting CP's Viktor Gyokeres for less than half of Isak's anticipated price. Chelsea have now ruled out a move, despite previous interest in Isak, and representing one of the few clubs with the available budget. Any move for Isak would have also required a deviation from recent targets, as they continue to pursue moves for Xavi Simons and Jarrel Hato. While virtually every club sees Isak as an outstanding talent, there is some doubt about whether £150m is worth it for a player who has recently struggled to consistently play in full European schedules without injury.
BBC News
3 days ago
- Business
- BBC News
'Too much changer at executive level'
Alexander Isak is Newcastle's star player. He's their main supporters love him and his team-mates love him. Eddie Howe has changed his style of play to suit him and has got so much out of they want is to build their future - short term and long term - around him. Newcastle had been hoping to open contract negotiations this summer with has got three years remaining on his current contract so they are in a pretty strong position in that respect, but they wanted to tie him down for longer and give him a substantial pay rise. Those talks were planned for this summer but now a decision has to be made - something has to feels as if Newcastle's hand may be being forced here. If they don't offer him a new deal that is suitable for Isak and his people then maybe a move away will be the alternative and what Newcastle are to sell Isak they will want top money because he is a top striker and his value to them is hard to a couple of years it has all been about Arsenal's interest, and Chelsea were mentioned last year when Newcastle were struggling with PSR - but Liverpool have come in hard with their strong interest this summer and it has been very question supporters are asking is whether Liverpool can afford to go big for Isak, especially after signings Hugo Ekitike, who Newcastle wanted to sign to play alongside the Swede. He also could have been Isak's said acting fast in the window was key but it has been a tough summer and this is yet another problem causing more anxiety among the felt like it could be a transformative summer given the club are clear of the serious PSR issues they had last have the ability to spend money but they have not managed to close deals. Top targets have gone elsewhere, there have been ongoing sagas, and they have to get things right off the has been too much changer at executive level and they are short of people in those key roles. Howe is taking on more of a role when it comes to are a lot of issues off the pitch at Newcastle. It does feel like the club is lacking leadership generally at the a Newcastle fan? Find your Premier League club on BBC Sport
BBC News
4 days ago
- Sport
- BBC News
Liverpool, Chelsea, City... Which teams fit afford Alexander Isak?
Alexander Isak wan explore im options wit a move away from Newcastle dis summer afta im miss dia pre-season tour of Asia. Di club select a 30-man squad, but dem say di Sweden striker "miss out sake of minor thigh injury". Tori be say some of Europe top clubs dey aware Isak say dey look to take di next step for im career. One source tell BBC Sport say Liverpool still dey interested in di 25-year-old, despite signing Eintracht Frankfurt striker Hugo Ekitike for an initial fee £69m. On Saturday Newcastle manager Eddie Howe say Isak go "absolutely" dey part of the squad for di games for Singapore and South Korea. BBC Sport bin contact Newcastle for comment. Isak score 27 goals in 42 appearances in all competitions for Newcastle last season. Im bin no play for dia Saturday 4-0 defeat for Celtic for dia first of pre-season fixtures. Newcastle don make clear several time say Isak no be sale and, speaking at di weekend, Howe say im dey "confident" say di player go dey di club at di start of di season. "E dey difficult for me to give 100% clarity on any player," Howe tok afta the Celtic game. "Alex dey happy for Newcastle. Im loves di players im dey plays wit, di staff, di team and I no get any issue wit am." Newcastle £70m bid for Ekitike bin dey rejected, Dem also get interest for Brentford forward Yoane Wissa. Meanwhile, Newcastle defender Lewis Hall, wey neva play since February sake of foot injury, dey part of di tour squad. Newcastle go face Arsenal on Sunday for Singapore bifor dem go travel to South Korea to play one K-League All-Star team on 30 July and Tottenham on 3 August. Injury claim dey 'ridiculous' - Shearer Newcastle legend Alan Shearer say di tori of Isak injury wey di club dey claim say make am miss dia Asia tour dey "ridiculous". Di former England striker, wey score a record 206 goals for di Tyneside club, believe say di club suppose dey open about di situation. "E dey ridiculous wetin Newcastle put out dis morning to say im no make di trip becos of slight thigh injury," Shearer tok. "If dem think say pipo no go see through dat... e dey disappointing. "Dem for just tell us di truth straight away. I understand say na very difficult situation for dem, but na so tins be now. "Eddie Howe need to use all im persuasive powers to do wetin if fit do to make am stay at least one more year. If dat happun den it is what it is. "You need to get di best deal for di football club and if someone dey prepared to pay north of £150m, and if im really, really want to go, you no go go fit block im way." Which teams fit afford Isak? Newcastle dey maintain in dia stance on Isak throughout di summer as Howe looks to keep im squad intact as dem return to Champions League. Di forward get three years left for im contract and di Magpies, wey dey owned by Saudi Arabia Public Investment Fund (PIF), dey a comfortable position wit profit and sustainability rules (PSR), e mean say dem no dey no dey under pressure to sell. Most Premier League clubs no fit match Newcastle reported £130m valuation. Tori be say Arsenal bin get interest on the player bifor and dem get di budget, but dem don turn dia attention to im fellow Swede Viktor Gyokeres and dem dey close to finalising a deal. Manchester City get di funds to go afta Isak but e dey unlikely say dem go pursue a transfer was e be say Erling Haaland dey under contract until 2034. Chelsea also add strikers Liam Delap and Joao Pedro to dia squad dis summer. Premier League champions Liverpool don already spend more dan £250m dis summer, including Florian Wirtz for a potential British record fee of £116m. Liverpool boost dia income dis year thanks to several key factors, wey dey led by di £175m dem receive as prize money for winning di Premier League. Last season na also di club first full campaign wey dem play under di expanded Anfield Road End e mean say dem get a higher capacity. From 1 August dem get a new kit deal wit Adidas, which some pipo dey report di value at £60m per season, more dan dia existing partnership wit Nike. Those factors, combine wit comparatively low transfer spending for previous windows, mean say Liverpool find themselves well within di Premier League profit and sustainability rules (PSR) wey dey limit clubs to losses of £105m over three years. Liverpool chief executive Billy Hogan say dia investment dis summer na as s result of long-term planning. "E no just happun; na years in di making," im tell di Athletic. "We also recognise, winning di English league title for di 20th time, say dis na one of di biggest clubs for di world. We wan make sure say we dey behave like one. "to bring in massive global stars to come play for Anfield, filling out stadiums in Hong Kong and Japan, those na tins we expect and want to do." Fans react to Isak omission We ask fans for dia views afta di club leave Isak out of di squad. Checkout some of dia comments: Gary: If dis tours na all about driving commercial revenue, surely you go take your star striker regardless of a minor injury? Kevin: Concerning. I hope say na just precaution. E go dey really disappointing if im leave dis summer afta all di hard work last season to qualify for Champions League. Lack of transfers in areas and missing out on targets no dey make me to dey for di coming season either. Martin: Until im come out and to say im want to leave, im dey injured. Full stop. Richard: I hope I say I dey wrong but I no dey see Isak for Newcastle shirt next season. I feel say di club go sell, but di way transfers dey go so far, I dey worry say we no go fit recruit to di level we need. Bob: A bi "thigh injury" na just excuse and im dey on im way out? To dey honest - di fans deserve it. If we go into di season with one striker wey no dey proven we no get chance. Kevin F: Isak bin get thigh problems end of last season so dis no dey new. But if na true den dem suppose don sorted out by now. I just hope say e no pass more dan dat . Mark: I feel say im no dey settled and we fit see am move to anoda club. If he do so, we desperately need oda players up front. I hope say I dey wrong. Richard: Something no dey right. Wetin really need to happen hia na for Isak to come out and to say im dey stay and dat is dat, or we dey hear speculation every time. Or a bi na im agent dey ginger di situation to say: "Why stay? You fit earn mega bucks elsewhere."
New York Times
4 days ago
- Business
- New York Times
Alexander Isak could cost £250m to sign. This is why – and who could afford it
Alexander Isak wishing to leave Newcastle United is one thing; working out who could afford to buy him is quite another. Newcastle hope any serious transfer fee conversation will start at the mind-boggling figure of £150million ($203m). To put that into context, it would make Isak the third most expensive footballer in history, behind Paris Saint-Germain recruits Neymar and Kylian Mbappe. Advertisement The field of possible destinations looks slim. Even ignoring the football factors, the financials in play are huge and an obvious barrier to entering the Isak market. Buying Isak for £150m is more like a £171m transfer once we add in some estimated agent fees and, if the buyer is a Premier League club, a four per cent transfer levy. From a profit and sustainability rules (PSR) perspective, spread over a five-year deal, those fees alone would add £33m-35m to a club's costs. Then there are Isak's wages. His exact demands are unknown but given his status as one of the world's leading players a range of £250,000 to £300,000 a week is far from unreasonable. At that level, the hit to a club would be £15m-£18m annually. Essentially, it's fair to say signing Isak would lump £50m in annual costs onto his new club — and that's just from an accounting perspective. It's often forgotten that clubs will need to pay the money in cash eventually and, over our hypothetical five-year deal, Isak would probably cost a new suitor more than £250m. Plainly, that rules a lot of teams out. But can anyone afford it? In Italy, Juventus have lost around £670m in the past four years. Both Milan and Inter are recovering financially but the fee for Isak would be more than two-fifths of their most recently published revenues. Napoli, Serie A winners last season, have posted impressive profits recently and boasted a strong cash position at last check. They would be the most feasible Italian suitor yet still an unlikely one; their most recent wage bill was lower than Newcastle's. In Germany, Eintracht Frankfurt's heady player sales have imbued them with cash and regulatory headroom but signing up to a commitment like Isak is fanciful. Their 2023-24 revenues were £213m, so his signing would cost over 70 per cent of annual turnover. Advertisement Borussia Dortmund's wage bill in the same season, when they reached the Champions League final, was only around £12m higher than Newcastle's, so meeting Isak's demands seems unlikely even with the club on a generally sound footing. Dortmund weren't expected to spend much this summer and have already spent their Club World Cup earnings on Jobe Bellingham and Yan Couto. Bayern Munich are a possible option, but success in their other plans, like getting Luis Diaz from Liverpool, would reduce that likelihood. The German champions are the fifth-highest-earning club in world football, according to Deloitte, and consistently profitable, generating a £135m pre-tax surplus in the past five seasons. Financially, Bayern are one of the few clubs who could afford Isak — they showed as much by being realistic contenders for the signature of Florian Wirtz earlier this summer. But the fact they are prioritising other targets would slim the chances of a deal for Isak. In France, like with most big-name players these days, only PSG could afford him. They are unencumbered by lax financial rules at home and have enjoyed huge income from the Champions League and Club World Cup recently. Wages fell with the departure of Mbappe last year, but they remain big spenders. Compliance abroad is trickier — PSG are in a 'settlement regime' with UEFA until the end of this season, so there are some limitations on their spending. Still, moving on someone like the unwanted Randal Kolo Muani would feasibly open a space for Isak, both in the squad and in terms of remaining within any financial rules. Cash tends not to be a problem in the French capital. In Spain, Barcelona are having enough trouble making room to register players they've already signed. Atletico Madrid just about break even but have high debts to service and, based on most recent figures, the amortisation cost of signing Isak would be more than half their total amortisation bill. They've spent big (£65m) on Julian Alvarez since those figures were released, but that in itself likely rules them out of being able to enter the market at over double Alvarez's price. Real Madrid tend to be able to afford just about anyone and recently announced 2024-25 revenues of €1.2billion (£1.0bn), the largest in the world. Even with Mbappe's huge wage coming onboard, Madrid were profitable last season, to the tune of €24m (£20m) after tax. Even so, they have pressing needs elsewhere, and there are only so many huge salaries you can take at once. Real have already spent just shy of £150m in transfer fees alone already this summer, and doubling that again looks unlikely, even for them. It's not impossible, but it is improbable. Advertisement And so, what of England? The world's richest league is naturally the one where clubs could most realistically afford Isak, though even here he'd be limited for actual choice. Tottenham Hotspur have the PSR headroom but unlikely the cash or space on the wage bill, which is kept notoriously low relative to income, and especially as they're already spending this summer. Further south, as we detailed in June, Brighton & Hove Albion have much in the way of regulatory headroom but are plainly an unrealistic option. That same piece outlined Chelsea as, ludicrously to some, the club with the greatest scope to spend from a PSR perspective. They don't want for cash, having received not far shy of £1bn from their current owners, but this deal, alongside their other activity this summer, would be pushing things. Particularly as Chelsea are in their own UEFA settlement regime, and the impact of recent intra-group asset sales won't boost their PSR calculations forever. Chelsea are already in the position of needing to sell players to free up space on their Champions League squad list and, in any case, it's unclear how Isak's salary would line up at a club where there's been a concerted (albeit sometimes overstated) effort to reduce staff costs. Arsenal were long viewed as a viable landing spot for Isak, but the imminent signing of Viktor Gyokeres casts clear doubt on that. Even without Gyokeres, they have spent over £100m already this summer, albeit after a lean year last season (net spend: £20.9m). Arsenal probably could afford the £50m annual cost of signing Isak, especially as revenues continue to rise, but their activity this summer (both completed and pending) would mean they'd very much be pushing toward their limit by doing so. Manchester City have plenty of money and PSR headroom, even after spending some £300m or more since the turn of the year. They could afford Isak, having booked nearly £200m in profit in the past three seasons. Football reasons seem a more likely impediment to moving there. Across town, Manchester United have been heavily loss-making in recent years but, as The Athletic detailed in June, their PSR losses are much lower than previously thought. United remain the fourth-highest-earning club in the world and have undertaken significant cost-cutting over the past year. Advertisement From a PSR perspective, they may well be able to stretch to someone like Isak, even without Champions League football this year. But cash is another issue. United's transfer debts were over £300m net even before the recent signings of Matheus Cunha and Bryan Mbeumo, and their need to sell players this summer is more cash-focused than rules-based. To that end, adding Isak's wage and paying a huge fee to Newcastle looks highly unlikely, and would rely on either a further injection of shares (Sir Jim Ratcliffe invested £238.5m in 2024) or adding to an already hefty debt pile. Remarkably, despite their £300m-plus spend already this summer, Liverpool represent the likeliest Premier League destination for Isak. The Anfield outfit would need to sell players but are already planning to; the departures of Diaz, Darwin Nunez or Harvey Elliott, or even all three, would provide a boost to profits and cash, and help them back toward the policy of sustainability driven by Fenway Sports Group over the past decade and more. Liverpool have been able to spend so much this summer through careful financial management, and it's exactly that which keeps them in the frame for Isak — even at the huge asking price. It's a tall ask, even for a club as well managed as they have been, but the conditions to do it really are there: low transfer debt, strong cashflow, surging revenue and saleable assets to help offset the hit both now and in the future. Away from the Premier League, the oil-soaked elephant in this particular transfer room is the instance whereby Isak's overarching employer doesn't change. Al Hilal are, like Newcastle, owned by the Public Investment Fund of Saudi Arabia and, at the risk of stating the obvious, have no financial worries at all. Since being taken over by PIF in June 2023, Al Hilal have spent over £400m on new signings and goodness knows what more on wages. If they want to sign Isak, they can afford to. The financials would be easy from Al Hilal's perspective, and while selling to a club of such supreme wealth might comfort Newcastle fans in the knowledge they'll get a chunky fee for Isak, the reality is more nuanced. Advertisement Under Premier League rules, any sale to a fellow PIF-owned club would require a 'fair market value assessment'. In other words, if the league deemed the fee spent by Al Hilal excessive, Newcastle would have to revise down their profit on Isak in their PSR calculation. The ramifications of a move to Saudi Arabia would be even worse on the continental stage. Under UEFA rules, player sales between related parties — which Newcastle and Al Hilal are — have to be measured at zero profit (or a loss), just as Allan Saint-Maximin's move to Al Ahli in July 2023 was. Isak could be sold to Al Hilal for £150m and Newcastle would enjoy the cash, but under UEFA rules, they'd be disallowed from booking any profit — thus doing nothing to improve their ability to remain compliant on the European stage.
